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Dec 17, 2012
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we'll look at those deal meetings in washington. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> welcome back. shares of sprint today dropping today after the telecom giant announced the remaining stake it does not own. sprint is one of the best performing stocks in the s&p 500 this year. is there still room to run for the stock or are you better off with larger competitor verizon? on
we'll look at those deal meetings in washington. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national....
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Dec 3, 2012
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guys, it looks like the horse trading is alive and well here in washington. now this offer being extended from the republicans. you can assume that the white house will not think this is enough tax revenue to go forward, but, of course, offers are being exchanged here so that's a sign negotiations are under way, guys. >> let's get into the details here. $600 billion in health savings. what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree at this point. we're looking at a couple of bullet points being released now in terms of the scale of the deal. it gives us overall broad numbers. presumably negotiators would have to go in and fill in details of how they're get that kind of savings. there have been a lot of proposals on health of finding billions of dollars of savings by reducing overhead and other things like that. you've seen the unions come out and say they don't want to see any changes at all that would hurt payoffs to benefi
guys, it looks like the horse trading is alive and well here in washington. now this offer being extended from the republicans. you can assume that the white house will not think this is enough tax revenue to go forward, but, of course, offers are being exchanged here so that's a sign negotiations are under way, guys. >> let's get into the details here. $600 billion in health savings. what does that mean for medicare? break it down in terms of where these savings come from. >> i...
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Dec 4, 2012
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jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets respond to every single statement that comes out of washington right now. what do you make of that? >> i think it's the same washington waltz we saw last year. they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good network on the hill. i think they're going to have some kind of staged in agreement and then agree to attack the entitlement situation in the new year. >> michael, what do you make of what's going on? how do you try and trade this? at least we had some volatility the traders could trade on. now we don't have that. >> i think the lower volatility is telling you this is an extremely resilient stock market. i've been calling this the rocky balboa stock market. the entire scenario playing out is the fiscal cliff ends up being bullish no matter what. spending cu
jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets respond to every single statement that comes out of washington right now. what do you make of that? >> i think it's the same washington waltz we saw last year. they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good...
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Dec 14, 2012
12/12
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our john harwood is in washington with some more details on what we know right now. john? >> reporter: well, bill, the horror of this tragedy is also muted talk of anything else in washington for the day, including the fiscal cliff and all the issues that we've been discussing for some time now, but one of the jobs of a president is to console victims and to console the nation at a time of grief of this magnitude, so we're going to hear from the president at 3:15. jay carney earlier saying he wasn't going to discuss issues like gun control. it wasn't a day for politics. it's a day to focus on the victims of the tragedy, so you can expect the president is going to focus his remarks on the victims and what happened in connecticut and the attempt to figure out how it happened, why it happened. we'll hear from him at 3:15, and we're going to bring that to you, and we'll talk about it afterwards. >> all right, john, thank you very much. of course, we often talk about how the markets are a mood reflector, and if that's the case, we very much see a market that is subdued today by
our john harwood is in washington with some more details on what we know right now. john? >> reporter: well, bill, the horror of this tragedy is also muted talk of anything else in washington for the day, including the fiscal cliff and all the issues that we've been discussing for some time now, but one of the jobs of a president is to console victims and to console the nation at a time of grief of this magnitude, so we're going to hear from the president at 3:15. jay carney earlier...
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Dec 7, 2012
12/12
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then you add on top of it what's coming out of washington. i don't think you should get your hopes up about figuring it out before the end of this year. i think there's a pretty deept chance we go over the cliff and then try to sort it out in the beginning of the year. >> lovely. >> joe, when did 146,000 jobs become good? have we become so pessimistic -- have our expectations come so low we're cheering 146,000 when we should be well over 200? >> plus the downward revisions for the previous two months. >> although, those revisions were almost all in government. mandy makes a good point. 150,000 a month, which has been the average over the past is a months or so, is not great. if this was a normal recovery, we'd be growing at 4% instead of 2 on gdp. employment would be well over 250. however, the good news in today's report was if you look at the household survey, there was clearly a hurricane effect in these numbers. we might actually have printed over 200 absent hurricane sandy. i would argue the trends is getting better. as jim pointed out,
then you add on top of it what's coming out of washington. i don't think you should get your hopes up about figuring it out before the end of this year. i think there's a pretty deept chance we go over the cliff and then try to sort it out in the beginning of the year. >> lovely. >> joe, when did 146,000 jobs become good? have we become so pessimistic -- have our expectations come so low we're cheering 146,000 when we should be well over 200? >> plus the downward revisions for...
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Dec 5, 2012
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first, let's get to what's going on in washington. more republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. eamon javers on capitol hill has the very latest details for us. eamon. >> reporter: hi, bill. that letter does call for the speaker to negotiate, including all options on the table. it is a bipartisan letter. we should be a little bit careful on this because the letter habit actually been sent yet, we're told by congressman mike simpson's office. he's the congressman circulating the letter. he's gathering signatures from other members of congress, as we speak. they expect to send this letter. i've talked to some conservative republicans today here on capitol hill who say their minds are not changed, and that's going to be the group that's most difficult for the speaker to negotiate. nonetheless, the fact there's such a letter being circulated probably gives speaker boehner more elbow room in his negotiations and might help him beat back a little brush fire he saw
first, let's get to what's going on in washington. more republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. eamon javers on capitol hill has the very latest details for us. eamon. >> reporter: hi, bill. that letter does call for the speaker to negotiate, including all options on the table. it is a bipartisan letter. we should be a little bit careful on this because the letter habit actually been sent yet, we're told by...
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Dec 27, 2012
12/12
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here, if you're just joining us once again, a breaking story out of washington. seemingly hopeful story. the house announcing it will reconvene sunday evening. bring everybody back at that time and presumably to consider some deal that may come out of the senate at that point. whether or not that happens, the market is not waiting to see the whites of their eyes. the dow was down 150 points at the low of the session and now we're down just 15 points. the dow was positive moments ago. >> really was, and the volatility index, aka the wall street fear gauge, was above 20 earlier on this morning for the first time in many months. it's now 19.22. obviously a little bit of fear coming out of market. let's get more of what's going on in the markets and what's going on in terms of traders feelings about the hope of sunday night. laura myers is from dme securities. what did you think and what did you do when you heard about the house reconveneing? >> you have to realize how event-driven this market really is. everyone is walking on eggshells about what's really going to h
here, if you're just joining us once again, a breaking story out of washington. seemingly hopeful story. the house announcing it will reconvene sunday evening. bring everybody back at that time and presumably to consider some deal that may come out of the senate at that point. whether or not that happens, the market is not waiting to see the whites of their eyes. the dow was down 150 points at the low of the session and now we're down just 15 points. the dow was positive moments ago. >>...
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Dec 6, 2012
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eamon javers is in washington making a career out of this story. he's got the latest on the negotiations. >> hi, bill. the battle for public perception here in the fiscal cliff fight continues today. the president visiting a middle class family in northern virginia who he said would be hurt by tax increases if those come to pass at the end of this year. the president saying that republicans simply need to come to terms and a deal with him. take a listen to what the president had to say out in the living room of this family in northern virginia. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so, bill, the president using the power of the bully pulpit there and image making. it's the power the president has to shift the debate here. republicans don't seem to have caved in just yet. we're going to have to see whether or not there's a deal. i think
eamon javers is in washington making a career out of this story. he's got the latest on the negotiations. >> hi, bill. the battle for public perception here in the fiscal cliff fight continues today. the president visiting a middle class family in northern virginia who he said would be hurt by tax increases if those come to pass at the end of this year. the president saying that republicans simply need to come to terms and a deal with him. take a listen to what the president had to say...
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Dec 24, 2012
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we are talking about austerity programs coming out of washington. what is going to propel this market higher if we're going to get a slowdown in the economy next year? >> the bottom line, i think the market is a lot smarter than any of us on this panel and i've been really amazed how resilient the market is here. it is holding up extremely well. we may not get a deal -- i doubt we get a deal friday. i think the market has already taken that into account. the bottom line, stocks aren't over priced. there is a lot of opportunity, at hodges capital we see companies, you know, trading at seven and eight times earnings that are growing three times that rate. like a cirrus logic that is going to earn 350 next year, stocks at 28. that's about eight times earnings. you know, there is a lot of opportunity out there. >> right. >> i don't think you can treat the market as just the market. look at each stock individually. there's opportunity. it's under owned. there are chances to make some serious money next year. look at this year. this year, hardly any good
we are talking about austerity programs coming out of washington. what is going to propel this market higher if we're going to get a slowdown in the economy next year? >> the bottom line, i think the market is a lot smarter than any of us on this panel and i've been really amazed how resilient the market is here. it is holding up extremely well. we may not get a deal -- i doubt we get a deal friday. i think the market has already taken that into account. the bottom line, stocks aren't...
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Dec 5, 2012
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i'll tell you what, maria, i'm not sure what's going on in washington. i'm not sure who those republicans are. i'm not so sure on whether the fiscal conservatives in the party know something about some big reforms on medicare and medica medicare, social security is, any of the retirement or tax issues, but i'll tell you this. i think that all these stories aren't necessarily going lead us to the truth. i personally have a very size way i'm approaching this. the president is supposed to leave for a 21-day vacation in hawaii on december 17th. where he is on december 18th will tell me, and i think the markets will pay attention. i find it hard to believe, and i agree with bill and many, who are very not amused by the house taking their long weekend. i'm sure that the president would have no intentions of leaving until these issues are resolved. i think the market is being kind, but i think it's a timing issue. >> yeah, i think that's a good point. somebody mentioned the other day that the president is planning a trip to hawaii on december 17th. i said, what
i'll tell you what, maria, i'm not sure what's going on in washington. i'm not sure who those republicans are. i'm not so sure on whether the fiscal conservatives in the party know something about some big reforms on medicare and medica medicare, social security is, any of the retirement or tax issues, but i'll tell you this. i think that all these stories aren't necessarily going lead us to the truth. i personally have a very size way i'm approaching this. the president is supposed to leave...
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Dec 31, 2012
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there'll be more coming out of washington. in the meantime, we just closed out the trading year for 2012. as the dust settles, courtney reagan now breaks down what was i would say among the developed markets a pretty good year for stocks. >> not that bad. lots of green. we're ending on a high note today. all three indexes closing up today and for 2012. the nasdaq the biggest winner. up almost 16%. the s&p notches a 13.4% gain. and the dow up 7.3% for 2012. when it comes to the blue chips, there was some flip-flopping going on. the biggest gainer last year, the biggest dog of the dow. bank of america. doubled in price this year as the bank improved its financial footing. home depot and disney all saw strong earnings. consumers proved resilient in 2012. jpmorgan another of last year's dogs round out the top five with all big double digit percentage increases. if you look at the numbers, bank of america up a whopping 108%. home depot up 46%. now, hewlett-packard, the dow's second biggest loser in 2011 is this year's worst perform
there'll be more coming out of washington. in the meantime, we just closed out the trading year for 2012. as the dust settles, courtney reagan now breaks down what was i would say among the developed markets a pretty good year for stocks. >> not that bad. lots of green. we're ending on a high note today. all three indexes closing up today and for 2012. the nasdaq the biggest winner. up almost 16%. the s&p notches a 13.4% gain. and the dow up 7.3% for 2012. when it comes to the blue...
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Dec 26, 2012
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washington preparing for another round of wheeling and dealing tomorrow. right now the dow was trying to find direction, down this .10 points. a downturn after being ordered to pay nearly $1.2 billion in damage in a patent infringement lawsuit. sued for infringing patents related to data storage technology. edmunds.com predicting new car sales will slow in the new year but still plenty of optimism in the auto industry. consumers will continue to benefit from new models, new technology potentially lower prices as automakers continue to fight for market share. we continue "countdown to the closing bell" with ashley webster. ashley: let's go to nicole petallides at the floor of the new york stock exchange. shares of rim, research in motion. rim it is for real. shares of research in motion. research in motion has been beaten down the past couple of sessions. concerns of a new structure put in effect, and what they were going to do is use a tear factor, those tiers, is unclears unclear how they were going to break down. it contributes to the research in motion
washington preparing for another round of wheeling and dealing tomorrow. right now the dow was trying to find direction, down this .10 points. a downturn after being ordered to pay nearly $1.2 billion in damage in a patent infringement lawsuit. sued for infringing patents related to data storage technology. edmunds.com predicting new car sales will slow in the new year but still plenty of optimism in the auto industry. consumers will continue to benefit from new models, new technology...
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uncertainty seems to be the norm in washington these days. last year you have the debt ceiling convey. congress had trouble putting together a deal. now the u.s. may be heading for the fiscal cliff. what does that mean for you and your investments? we have the jobs report today for a brief moment. we weren't worried about the fiscal cliff. now, we are back. what do you make of it? >> the jobs report was okay. there are some signs of very modest improvement in jobs. the good news is we have not really lost momentum and i will put that in the victory column. from a very short-term perspective, it is the fiscal cliff that is on everyone's mind. consumer sentiment is starting to decline. that suggested everyone seems to be focused on the fiscal cliff. when you are focused on uncertainty, what do you do, you do nothing. those are the major implementations for the economy. cheryl: i can hear the hesitancy in your voice. a lot of our guests are saying the same thing. they are afraid of what washington will do or maybe not do. your outlook is a bit m
uncertainty seems to be the norm in washington these days. last year you have the debt ceiling convey. congress had trouble putting together a deal. now the u.s. may be heading for the fiscal cliff. what does that mean for you and your investments? we have the jobs report today for a brief moment. we weren't worried about the fiscal cliff. now, we are back. what do you make of it? >> the jobs report was okay. there are some signs of very modest improvement in jobs. the good news is we...
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Dec 6, 2012
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i doubt our elected officials would be brazen enough to leave washington without an agreement? this is my hunch. if, and that is an if we are going to see a deal, i suspect it'll come in the next two weeks. if we know anything about d.c. lawmakers, their time off may be more of a sacred cow than the belief on tax and spending. if i'm right, it's too bad that their own self-interests motivate them more. >>> before we look the a the day on wall street. and it was a quiet day. at the end of the day, we did see the markets get a good lift up about 40 points on the industrial average. nasdaq composite picked up 15 1/2 points. and the s&p tonight gain of 4.5% points, check out apple today, we did see a bit of a rebound after the big selloff yesterday. apple continues to trade higher in realtime, up 1.5% on apple at
i doubt our elected officials would be brazen enough to leave washington without an agreement? this is my hunch. if, and that is an if we are going to see a deal, i suspect it'll come in the next two weeks. if we know anything about d.c. lawmakers, their time off may be more of a sacred cow than the belief on tax and spending. if i'm right, it's too bad that their own self-interests motivate them more. >>> before we look the a the day on wall street. and it was a quiet day. at the end...
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Dec 17, 2012
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once again, is it this headline out of washington, d.c.? >> the headline definitely helps, without a dow map. the overall fax are a rally into the end of the year. if that happens, that changes everything. we are going into the end of the year with some strength. liz: i am looking at all that is happening. we cannot ignore volume, guys. volume continues to be a little anemic. chris, at the cme, looking at what is working, you guys do with the trades that are coming through, what are you seeing? >> we are measuring low-volume right now. things tend to drift lower. the big thing we are on right now is still the gold position. we are right around that $1700 mark. if the pops over that, a lot of these traders will become buyers. it is acting as a resistance to the upside right now. with japan coming through with the more liberal, you know, monetary easing, sort of scenario, it may be really good for gold. liz: let's get the gold chart up. we are a full $10 above. if it goes down just a bit more, you may see the real buyers come in here. >> i th
once again, is it this headline out of washington, d.c.? >> the headline definitely helps, without a dow map. the overall fax are a rally into the end of the year. if that happens, that changes everything. we are going into the end of the year with some strength. liz: i am looking at all that is happening. we cannot ignore volume, guys. volume continues to be a little anemic. chris, at the cme, looking at what is working, you guys do with the trades that are coming through, what are you...
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Dec 7, 2012
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we have so much uncertainty in washington. we do have slowing economies in europe and in the u.s. >> right. david, what do you say right now? break the tie for us. >> break the tie. in the near term, there's an epic tug of war between extremely aggressive monetary easing and just total disdain for what they're doing in washington on tax and regulatory policy. in the near term, the fiscal cliff prevails. in the longer term, the fed will prevail. there's so much mistrust on stocks that i think that still can be a positive catalyst for stocks relative to traditional bonds over the next 12 months. >> i'm going to push back a little bit on that. >> i'm going to break the tie in ralph's favor. >> david, i want to push back a little bit on that. in terms of -- like, is the fed really that much of a factor these days now in terms of keeping the market afloat? >> absolutely. >> it's not losing its bang for its buck? >> it's not as powerful as it was in the fall of 2008 or even 2010, but when you consider that, u.s., long bonds, 1.5%. s
we have so much uncertainty in washington. we do have slowing economies in europe and in the u.s. >> right. david, what do you say right now? break the tie for us. >> break the tie. in the near term, there's an epic tug of war between extremely aggressive monetary easing and just total disdain for what they're doing in washington on tax and regulatory policy. in the near term, the fiscal cliff prevails. in the longer term, the fed will prevail. there's so much mistrust on stocks...
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Dec 31, 2012
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news out of washington. the deal will get done. i hate to disagree with you. c'mon. the 11th-hour. i'm going to be the hero. it's already written out that way. reseeding gold and silver. obviously people did not want to be the first person and, once it started to gain momentum it took off. that's pretty much the stretch right now. liz: once again, assi wish you a happy new year, i love having you all on the program. on this day we are witnessing history. we can tell our children about the night that we worked and were on fox business and looking at the situation. i would personally love to see some real spending cuts at this point. okay. fine. you talk to a lot of ceos. most of them and make money as saying, you can tax me more. at least give me something for it. let me see something that brings down our deficit. okay. great to see you. happy new year. thank you so much. most of the the seiders, our elected officials are in d.c. on this new year's eve with a heat lamp of the media and constituents on them right now. what will they do? we are joined right now. we kept grabbing peopl
news out of washington. the deal will get done. i hate to disagree with you. c'mon. the 11th-hour. i'm going to be the hero. it's already written out that way. reseeding gold and silver. obviously people did not want to be the first person and, once it started to gain momentum it took off. that's pretty much the stretch right now. liz: once again, assi wish you a happy new year, i love having you all on the program. on this day we are witnessing history. we can tell our children about the night...
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Dec 12, 2012
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washington has yet to revoke the laws of supply and demand, and we certainly have supplied the economy with a massive amount of liquidity with the same goods and services, the balance has to be priced, and a price situation is going to be higher levels of inflation and they are keeping rates down pretty much right now. >> yeah. >> we have a diminishing level of return, and that's what's happening. we're pushing rates down, but it's not having the impact. >> lower bang for your qe buck as steve liesman put it earlier on. >> thanks for joining us. always good to see you, eyore pento. >> putting fire into the conversation. >> thank you. >>> so much for the holiday cheer. with the rate things are going in washington, there will be plenty of holiday jeer between now and the new year. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >>> well, two former presidential candidates face off after the break. i feel like i'm going back to 2008 or 2004. steve forbes says no tax hikes for anybody while howard dean argues everybody needs to pay a
washington has yet to revoke the laws of supply and demand, and we certainly have supplied the economy with a massive amount of liquidity with the same goods and services, the balance has to be priced, and a price situation is going to be higher levels of inflation and they are keeping rates down pretty much right now. >> yeah. >> we have a diminishing level of return, and that's what's happening. we're pushing rates down, but it's not having the impact. >> lower bang for your...
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Dec 14, 2012
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the rhetoric of washington does not help. we are going to see more of this as we go further into the ew year. liz: further into the new year. liz: we have to get to the new year. we are looking at the energy market. natural gas dropping to its three month low. very mild. looking at behind me in new york. what are we missing as a play, an investment like? are we in that very land and? >> we've been calling for lower natural gas. most of the profit is best. the sale at 380-385. right now it's an oversold market. 327 is the low. we hit it today anywhere between 327 and 330 i'm buying. and on the upside 342-345. i don't think we will see it again this year. liz: never again. >> okay. never again. liz: the collective commodities, the dollar, what the fed did. that seems like a million dollars to 5 million miles away. but in these next two weeks from a trader perspective. people just at the way or are they fully in because we don't have an answer? >> there will not be fully in. what we have right now, an argument between deflation
the rhetoric of washington does not help. we are going to see more of this as we go further into the ew year. liz: further into the new year. liz: we have to get to the new year. we are looking at the energy market. natural gas dropping to its three month low. very mild. looking at behind me in new york. what are we missing as a play, an investment like? are we in that very land and? >> we've been calling for lower natural gas. most of the profit is best. the sale at 380-385. right now...
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Dec 10, 2012
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nothing's happening in washington. there is no movement towards consensus on either side of the debate. people look at that and say what were we so optimistic about? i think the cliff will be more of an effect afterwards. but to go back to stewart's point, he's talking about 2% growth in spending. 2% consumer growth is probably going to produce a very weak gdp number. although we had a nice number on the boost, we'll have a horrible in the next quarter. which isn't great. that's really the point. 11% rise in fedex sales not going to lead in an 11%? consumer spending. at beast we're looking at 2%. that's not good. >> my 2% forecast is for next year. i think we'll do better this quarter. and you don't sell 15.5 million cars in the month of november if consumers can't get the credit. and they're not in somewhat of a spending mood and feel they have the income to justify it. >> well, it is subprime lending that is driving that. 45% of all new leases are subprime. that's not particularly good. they have cut the lease rates
nothing's happening in washington. there is no movement towards consensus on either side of the debate. people look at that and say what were we so optimistic about? i think the cliff will be more of an effect afterwards. but to go back to stewart's point, he's talking about 2% growth in spending. 2% consumer growth is probably going to produce a very weak gdp number. although we had a nice number on the boost, we'll have a horrible in the next quarter. which isn't great. that's really the...
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anything can come out of your core washington so every day as the new day. a week of tomorrow morning and played a market long or short especially with the economic data we got today leading to unemployment tomorrow. liz: what about those of us with day jobs? other than sitting in front of our tv ameritrade or who knows what account making our trade and especially when you see today the ten year yield in treasurys came down once again which makes me believe at certain points, treasury trade and a few trades coming in a matter what. >> it is defense. treasury will come down. they are treading water here which is a positive but volumes are down. volume is slightly over and the treasuuy auctions, the fed is going to announce some kind of treasury buying program to stimulate the economy and keep rates low and that will favor stocks so stocks will take care of what is going on in the treasury market. liz: cap it with the hurricanes and the effect which a reverse from negative to positive at some point. >> you saw jobless claims are up but sandy will handicap it a
anything can come out of your core washington so every day as the new day. a week of tomorrow morning and played a market long or short especially with the economic data we got today leading to unemployment tomorrow. liz: what about those of us with day jobs? other than sitting in front of our tv ameritrade or who knows what account making our trade and especially when you see today the ten year yield in treasurys came down once again which makes me believe at certain points, treasury trade and...